The company experienced a significant decline in AUM from $186.0 billion (May 2026) to $183.4 billion (June 2026), representing a $2.6 billion decrease. This was primarily driven by $5.7 billion in net outflows from the termination of a U.S. sub-advisory mandate and the subsequent wind-down of the US Value team's strategies, indicating loss of client assets and business contraction.
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